$337,000
$469,900
28.3%For more information regarding the value of a property, please contact us for a free consultation.
1416 Franklin ST Michigan City, IN 46360
10,468 SqFt
Key Details
Sold Price $337,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 10,468 sqft
Price per Sqft $32
Subdivision Land Cos Add/Michigan City
MLS Listing ID 513358
Year Built 1862
Lot Size 0.420 Acres
Property Sub-Type Office
Property Description
Price Reduction!!Location, location, location! Large commercial investment opportunity awaits. Located three blocks from the Fast Track train station that is currently under construction. Current office renter has rented for nearly 20 years. Current office rent is $1750 per month. 2bd/1 bath apartment is rented @ $650 per month. Current annual combined rental income $28,800. Additional rental potential for another office with client entrance on Ripley St. With division of the warehouse, there is a possibility for 1-2 businesses. Warehouse has 1 loading dock & an overhead door. Warehouse has 2 front entrances on Ripley St. Warehouse also has a dry basement. There is also a billboard located on Franklin St to rent for addition income.
Location
State IN
County La Porte
Zoning Business
Interior
Heating Natural Gas
Exterior
View Y/N true
View true
Building
Lot Description Corner Lot
Others
Acceptable Financing NRA20240111125632946815000000
Listing Terms NRA20240111125632946815000000
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Bought with Century 21 Circle






